Gas Prices Lower Than a Year Ago

(Undated) — The nation’s average price of gasoline has fallen 3.4 cents over the last week. According to GasBuddy, the national average is up 1.6 cents from a month ago and is 13.1 cents per gallon lower than a year ago. The national average price of diesel has increased 1.4 cents in the last week and stands at $3.67 per gallon. GasBuddy Head of Petroleum Analysis, Patrick De Haan, says with the unofficial end of summer now behind us, we saw the lowest national average price of gasoline on Labor Day since 2020, with prices lower than a year ago in all but three states. He says this caps off the most affordable summer at the pump since 2021, with motorists spending $11.3 billion less on gasoline compared to last year. De Haan says while summer may be in the rearview mirror, low gas prices aren’t going anywhere anytime soon. In fact, he says, so long as we avoid major hurricanes or other disruptions, we’re on solid footing to see the national average dip to $2.99 per gallon this fall. The current national average is $3.20 a gallon.